Saturn/Penske deal gone, what happens to Saturn?
akboss
10-01-2009, 07:24 AM
Apparently Penske has walked away from the Saturn deal, and they are now saying that the brand will just kind of fizzle out...
What does that mean for someone interested in buying a Saturn? First off, is there still a Saturn dealer network out there, and are they trying to sell off their inventory (i.e. good deals?). Also, should I be weary if I want a Saturn because of parts availability down the road, and/or warranty issues?
What does that mean for someone interested in buying a Saturn? First off, is there still a Saturn dealer network out there, and are they trying to sell off their inventory (i.e. good deals?). Also, should I be weary if I want a Saturn because of parts availability down the road, and/or warranty issues?
GTfan
10-01-2009, 04:20 PM
akboss, hope this helps some - from the official statement made by GM's CEO (http://www.nextautos.com/penske-backs-out-of-saturn-purchase-gm-to-phase-out-brand):
"As a result of PAG’s decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-down agreements that Saturn dealers recently signed with GM. Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.
Saturn customers and owners will continue to be able to purchase and have their vehicles serviced at Saturn retailers during this process. Once the wind down is complete, Saturn owners will still be able to have their vehicles serviced at other GM dealerships. We will be communicating with our customers very soon to explain the next steps in this process.
Today’s disappointing news comes at a time when we’d hoped for a successful launch of the Saturn brand into a new chapter. We will be working closely with our dealers to ensure Saturn customers are cared for as we transition them to other GM dealers in the months ahead. I’d also like to thank every GM employee and Saturn retailer who worked so hard to try to make this new beginning happen for Saturn."
"As a result of PAG’s decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-down agreements that Saturn dealers recently signed with GM. Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.
Saturn customers and owners will continue to be able to purchase and have their vehicles serviced at Saturn retailers during this process. Once the wind down is complete, Saturn owners will still be able to have their vehicles serviced at other GM dealerships. We will be communicating with our customers very soon to explain the next steps in this process.
Today’s disappointing news comes at a time when we’d hoped for a successful launch of the Saturn brand into a new chapter. We will be working closely with our dealers to ensure Saturn customers are cared for as we transition them to other GM dealers in the months ahead. I’d also like to thank every GM employee and Saturn retailer who worked so hard to try to make this new beginning happen for Saturn."
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